The Senior Special Assistant to the President on Media and Publicity, Tope Ajayi on Tuesday said there were no plans by the administration of President Bola Tinubu to reintroduce fuel subsidy.

Ajayi made the assertion on X formerly known as Twitter at 6:08 pm WAT.

He said, “There is no plan to reintroduce any form of fuel subsidy. There is no condition to support any increase in prices at this time. President Tinubu is convinced based on information before him that we can maintain current pricing without reversing the current deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”

Ajayi’s comment followed news about a temporary reintroduction of fuel subsidy following the increment in the landing cost of fuel due to the free fall of the Naira in the parallel market.

Nigeria has continued to grapple with the soaring costs of goods and services due to the removal of the subsidy on petrol and the unification of the naira at both the I and E window and parallel markets by the Central Bank of Nigeria.

On Monday, independent oil marketers hinted at a possible increase in the cost of fuel owing to the increment in the landing cost of the product.

JaredH:
subsidy is forever gone..

anybody that don't like it should relocate out of the country and never return back

Racoon:
Government of back and forth. One step forward, ten steps backwards. Anything denied under this government is in reality true.

Racoon:
Another policy somersault by the overhyped economic illiterate. Tinubu is just reactionary and itchy but have zilch knowledge of how the dynamics of subsidy works

It’s how it works; a candidate cannot seek to separate himself from his party’s successes or failures. Brings me to the main issue, which is Bola Tinubu’s attempts at touting himself as ‘pro masses’ by trying to failures and anti-people policies that have being since 2015. It doesn’t work that way.

Nigerians have unanimously agreed that the APC administration since 2015 is the worst of our lifetime. What’s more? Everyone (including APC supporters) are in agreement that the Buhari-led APC Government’s Anti-people policies have made people poorer and more miserable.

Bola Ahmed Tinubu, the APC Presidential candidate has promised (with no ambiguities) to continue the failed anti-people policies of the current government

Administering a country with multi-complex problems especially self induced by the clueless, and catastrophic APC government in Nigeria is not by sniffing cocaine and heroin or by a balabloo-blu-bulava mentality.

JaredH:
my state of origin get oil mumu...

subsidy is gone under tinubu regime.. when an igbo man becomes president (which can never happen) he can reinstate it

Na so

Obviously Ondo state wey their oil no fit do person chop yam

To know dimwits their states no get oil no hard

They make your kind of statements

Pakute:
When i saw the previous thread, i immediately walked out without leaving any comment knowing that Jagaban is not chicken-hearted like a certain agulu toad who always dey reverse himself and delete his tweets anytime his headless mob dey squeeze hin rubber balls. The 10billion dollars a year greasing the pockets of a few greedy subsidy cabal would henceforth be diverted into other sectors of the economy. The policy may be biting hard temporarily but laced with tremendous futuristic economic benefits. Na we dey blame our elders of eating our today yesterday but same youths wan chop their children tomorrow today.